Bittium, formerly known as Elektrobit Corporation, was established in 1985. It changed its name to Bittium after selling its Automotive business and giving up the rights to brand name Elektrobit on July 1, 2015. Nowadays, Bittium is a publicly listed company on Nasdaq Helsinki as BITTI.

Bittium operates in Finland, Germany, the United States, Mexico and Singapore. The Bittium headquarters is located in Oulu, and the companyīs other Finnish offices are in Espoo, Kajaani, Kuopio and Tampere.

At the end of 2017, Bittium had 619 employees, the majority of which were R&D engineers. In 2017, the Company did not undergo any significant changes in relation to its size, structure, operating areas, ownership, distribution of shares, income formation or the maintenance of operations.

Bittium operates globally, but most of its net sales originate from domestic customers. With regard to sustainable business, Bittiumīs products and services comply with the statutory requirements, directives, general standards and frameworks, such as SA 8000 (social responsibility), ISO 14001 (environmental systems), ROHS2 and ROHS3 (hazardous substances), REACH (chemicals regulations), WEEE (recyclability of waste electrical and electronic equipment) and ETJ+ / ISO 50001 (energy efficiency). As a global enterprise, the Company also takes the special requirements of its international customers into account.

Shareholders

The list of Bittiumīs largest shareholders is based on the information given by the Euroclear Finland Ltd. (former Finnish Central Securities Depository) on the holdings of Bittiumīs 100 largest shareholders. Bittium updates the information on its website every month.

At the end of 2017, Bittium Corporation had 21,985 shareholders. The ten largest shareholders owned 28.4 percent of the shares. The percentage of privately held shares was 74.6. The percentage of shares owned by international shareholders and nominees was 3.3 percent at the end of 2017.